2life Communities INC FY2022 filing

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $2,500 a year, plus $10 a year for the ID check.

How does your 990 look to donors? Take the 10-Question Audit

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $1.9M a year · 17% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Plus $37.1M in investments, Pt X · Ln 11–13
Fine: 0.1 months of spending in cash, plus $37.1M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.0M
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
22
of 22 voting members
Looks good: 22 of 22 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.9M
-31% vs prior year
Spent
$14.7M
To programs
87%
Net assets
$41.5M
By yearFY2020–FY2024
Revenue
$4.9M
FY2022▼ -31%
Tap a bar for its year
Revenue by fiscal year
FY2020$15.2M
FY2021$7.1M
FY2022$4.9M
FY2023$10.1M
FY2024$19.9M
Expenses
$14.7M
FY2022▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$10.1M
FY2021$12.6M
FY2022$14.7M
FY2023$16.0M
FY2024$13.5M
Net assets
$41.5M
FY2022▼ -27%
Tap a bar for its year
Net assets by fiscal year
FY2020$61.3M
FY2021$56.7M
FY2022$41.5M
FY2023$39.5M
FY2024$56.3M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1968.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $12.8M Management & general 13% · $2.0M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

31 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See 2life Communities INC executive salaries →

13 open jobs right now. See them →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Manages assets for senior housing projects sponsored by affiliated nonprofits.

Questions for 2life Communities INC

Tap to ask. 2life Communities INC sees how many people are interested.

Your first name shows with your question. 2life Communities INC answers here, for everyone.

1 program · $12.8M · in their own filed words · FY2022
01

The organization is operated for the benefit of affiliated 501(c)(3) organizations and is the asset manager for senior housing projects sponsored and operated by the organization and other nonprofit entities affiliated with 2LIFE communities.

$12.8Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$2K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$4.9M
Ln 12
Gifts and grantsLn 1h$2.2M
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$1.0M
Money outPt IX
$14.7M
Ln 25
Programscol B$12.8M
Managementcol C$2.0M
Owns and owesPt X
$41.5M
net assets · Ln 32
Cash and savingsLn 1–2$182K
Total assetsLn 16$42.5M
LiabilitiesLn 26$1.0M
PeoplePt VI, VII
31
listed · VII A
PaidVII A0
Voting boardVI 1a22
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.2M
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$1.0M
Gains on assetsLn 7$76K
Total revenueLn 12$4.9M
Assets in detailPt X, end of year
CashLn 1$179K
SavingsLn 2$3K
Cash and savings togetherLn 1–2$182K
Accounts receivableLn 4$974K
Notes and loans receivableLn 7$3.4M
InvestmentsLn 11–13$37.1M
Other assetsLn 15$793K
Total assetsLn 16$42.5M
LiabilitiesLn 26$1.0M
Net assetsLn 32$41.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$670K$182K
InvestmentsLn 11–13$52.2M$37.1M
Total assetsLn 16$57.7M$42.5M
LiabilitiesLn 26$1.0M$1.0M
Net assetsLn 32$56.7M$41.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$2.3M$2.3M
Other employee benefitsLn 9$428K$428K
Payroll taxesLn 10$166K$166K
Legal feesLn 11b$117K$117K
Accounting feesLn 11c$43K$43K
Advertising and promotionLn 12$683K$683K
Office expensesLn 13$113K$113K
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$57K$57K
Payments to affiliatesLn 21$9.2M$9.2M
Other expenses (24a–d)Ln 24$1.6M$663K$908K
All other expensesLn 24e$78K$47K$31K
Total functional expensesLn 25$14.7M$12.8M$2.0M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 17, 2025 $19.9M$13.5M$6.5M$56.3M 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $10.1M$16.0M−$5.9M$39.5M 990 PDF
FY2022 ViewingFiled with the IRS Nov 15, 2023 $4.9M$14.7M−$9.8M$41.5M 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $7.1M$12.6M−$5.5M$56.7M 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $15.2M$10.1M$5.0M$61.3M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $4,911,115 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,802,822$2,187,776
I-9 Program service revenuePrior year $1,549,019$1,721,613
I-10 Investment incomePrior year $1,743,832$1,001,726
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $7,095,673$4,911,115
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,798,454$2,902,007
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $10,787,326$11,834,614
I-18 Total expensesPrior year $12,585,780$14,736,621
I-19 Revenue less expensesPrior year −$5,490,107−$9,825,506
Part VI · Governance 22 of 22 board members independent, no flags
VI-1a Voting members of the governing body22
VI-1b Independent voting members22
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,911,115 across 6 lines filed
VIII-1d Related organizations$2,187,776
VIII-1h Total contributions, gifts and grants$2,187,776
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,721,613$1,721,613
VIII-3 Investment incomeExcluded from tax $925,614$925,614
VIII-7 Net gain or loss on sales of assetsExcluded from tax $76,112$76,112
VIII-12 Total revenueRelated to mission $1,721,613 · Unrelated business $0 · Excluded from tax $1,001,726$4,911,115
Part IX · Statement of functional expenses $14,736,621 across 12 lines filed
IX-7 Other salaries and wagesPrograms $2,308,665$2,308,665
IX-9 Other employee benefitsPrograms $427,533$427,533
IX-10 Payroll taxesPrograms $165,809$165,809
IX-11b Legal feesManagement $117,490$117,490
IX-11c Accounting feesManagement $42,595$42,595
IX-12 Advertising and promotionManagement $683,432$683,432
IX-13 Office expensesManagement $113,365$113,365
IX-17 TravelManagement $2,167$2,167
IX-19 Conferences, conventions and meetingsManagement $56,627$56,627
IX-21 Payments to affiliatesPrograms $9,168,674$9,168,674
IX-24 Other expenses (24a–d)Programs $663,382 · Management $908,450$1,571,832
IX-24e All other expensesPrograms $47,204 · Management $31,228$78,432
IX-25 Total functional expensesPrograms $12,781,267 · Management $1,955,354 · Fundraising $0$14,736,621
Part X · Balance sheet $42,497,967 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $666,345$178,591
X-2 Savings and temporary cash investmentsStart of year $3,287$3,287
X-4 Accounts receivableStart of year $1,826,425$973,569
X-7 Notes and loans receivableStart of year $1,583,891$3,400,000
X-11 Publicly traded securitiesStart of year $52,208,780$37,149,046
X-15 Other assetsStart of year $1,428,901$793,474
X-16 Total assetsStart of year $57,717,629$42,497,967
X-17 Accounts payable and accrued expensesStart of year $675,146$1,003,276
X-24 Unsecured notes and loans payableStart of year $25,000$25,000
X-25 Other liabilitiesStart of year $300,000$0
X-26 Total liabilitiesStart of year $1,000,146$1,028,276
X-27 Net assets without donor restrictionsStart of year $56,417,761$41,282,615
X-28 Net assets with donor restrictionsStart of year $299,722$187,076
X-32 Total net assets or fund balancesStart of year $56,717,483$41,469,691
X-33 Total liabilities and net assetsStart of year $57,717,629$42,497,967
Part XI · Reconciliation of net assets $41,469,691 net assets at year end
XI-1 Total revenue$4,911,115
XI-2 Total expenses$14,736,621
XI-3 Revenue less expenses−$9,825,506
XI-4 Net assets at start of year$56,717,483
XI-5 Net unrealized gains (losses) on investments−$5,422,286
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$41,469,691

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.